The much-watched trial in the US Supreme Court on what has become known as Obamacare can be put into sharp focus when one reads this report on CNNMoney on the actual cost to Americans of having health insurance. Of course that ignores the over 50 million people without any health-cover. It's hard to fathom why the heated resistance to seeing everyone covered, fairly, for health. Other countries have done it....and survived!
"Three days of Supreme Court arguments have left the fate of the 2010 health care reform law uncertain. What is certain, however, is that health care costs are continuing to eat away at consumers' budgets.
The cost to cover the typical family of four under an employer plan is expected to top $20,000 on health care this year, up more than 7% from last year, according to early projections by independent actuarial and health care consulting firm Milliman Inc. In 2002, the cost was just $9,235, the firm said.
The projected increase marks the fifth year in a row that health care costs will rise between 7% and 8% annually.
While employers still shoulder a majority of health care expenses, employees have been paying a larger portion of the total amount every year, according to Lorraine Mayne, principal and consulting actuary with Milliman."
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